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Itc Holdings Corp   (ITC)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

ITC's Net Income Growth by Quarter and Year

Itc Holdings 's Net Income results by quarter and year




ITC Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 123.00 114.00 99.00 102.00
III Quarter September 110.00 111.00 105.00 92.00
II Quarter June 118.00 111.00 102.00 121.00
I Quarter March 112.00 106.00 100.00 92.00
FY   463.00 442.00 406.00 407.00



ITC Net Income fourth quarter 2023 Y/Y Growth Comment
Itc Holdings Corp reported Net Income growth of 7.89% year on year in the fourth quarter 2023, to $ 123.00 millions, this is lower than Itc Holdings Corp 's recent average Net Income increase of 10.67%.

According to the results reported in the fourth quarter 2023, Itc Holdings Corp achieved the best Net Income growth in Electric Utilities industry. While Itc Holdings Corp ' s Net Income increase of 7.89% ranks overall at the positon no. 209 in the fourth quarter 2023.




ITC Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 7.89 % 15.15 % -2.94 % -35.85 %
III Quarter September -0.9 % 5.71 % 14.13 % -6.12 %
II Quarter June 6.31 % 8.82 % -15.7 % 39.08 %
I Quarter March 5.66 % 6 % 8.7 % 9.52 %
FY   4.75 % 8.87 % -0.25 % -4.91 %

Financial Statements
Itc Holdings 's fourth quarter 2023 Net Income $ 123.00 millions ITC's Income Statement
Itc Holdings 's fourth quarter 2022 Net Income $ 114.00 millions Quarterly ITC's Income Statement
New: More ITC's historic Net Income Growth >>


ITC Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 11.82 % 2.7 % -5.71 % 10.87 %
III Quarter September -6.78 % 0 % 2.94 % -23.97 %
II Quarter June 5.36 % 4.72 % 2 % 31.52 %
I Quarter March -1.75 % 7.07 % -1.96 % -42.14 %
FY (Year on Year)   4.75 % 8.87 % -0.25 % -4.91 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #1
Utilities Sector #3
Overall #209

Net Income Y/Y Growth Statistics
High Average Low
49.01 % 10.67 % -15.74 %
(Dec 31 2017)   (Jun 30 2021)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #1
Utilities Sector #3
Overall #209
Net Income Y/Y Growth Statistics
High Average Low
49.01 % 10.67 % -15.74 %
(Dec 31 2017)   (Jun 30 2021)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Itc Holdings 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
71.92 % 4.22 % -43.02 %
(Mar 31 2016)  


ITC's IV. Quarter Q/Q Net Income Comment
Itc Holdings Corp achieved in the IV. Quarter 2023 above company average sequential Net Income rise of 11.82%, to $ 123.00 millions, from $110.00 millions in the third quarter.
ITC is going from strength to strength, with recording higher then regular increase, and additionally improving rate.

Within Electric Utilities industry Itc Holdings Corp achieved highest sequential Net Income growth. While Itc Holdings 's Net Income growth quarter on quarter, overall rank is 143.


Net Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #1
Utilities Sector #8
Overall #143
Net Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #1
Utilities Sector #8
Overall #143
Net Income Q/Q Growth Statistics
High Average Low
71.92 % 4.22 % -43.02 %
(Mar 31 2016)  


ITC's IV. Quarter Q/Q Net Income Comment
Itc Holdings Corp achieved in the IV. Quarter 2023 above company average sequential Net Income rise of 11.82%, to $ 123.00 millions, from $110.00 millions in the third quarter.
ITC is undergoing a remarkable growth, not just recording higher then average increase, but also increasing pace.

Within Electric Utilities industry Itc Holdings Corp achieved highest sequential Net Income growth. While Itc Holdings 's Net Income growth quarter on quarter, overall rank is 143.


Itc Holdings 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Jun 30 2022)
12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
Cumulative Net Income 12 Months Ending $ 421.00 $ 412.00 $ 406.00 $ 409.00 $ 396.00
Y / Y Net Income Growth (TTM) 6.31 % -0.72 % -0.25 % -11.85 % -15.74 %
Year on Year Net Income Growth Overall Ranking # 243 # 1303 # 1385 # 502 # 1125
Seqeuential Net Income Change (TTM) 2.18 % 1.48 % -0.73 % 3.28 % -4.58 %
Seq. Net Income Growth (TTM) Overall Ranking # 209 # 1106 # 1184 # 434 # 967




Cumulative Net Income growth Comment
Although Itc Holdings 's Annual Net Income growth year on year were below company's average 10.67% , Net Income announced in the Jun 30 2022 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 6.31% year on year, from -0.72% in Mar 31 2022. And, Itc Holdings had the highest Net Income growth, in Electric Utilities industry.

Among companies within the Utilities sector 3 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 243, from total ranking in previous quarter at 1303.

Net Income TTM Q/Q Growth Statistics
High Average Low
49.01 %
10.67 %
-15.74 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 1
Utilities Sector # 4
Overall # 243

Net Income TTM Y/Y Growth Statistics
High Average Low
49.01 %
10.67 %
-15.74 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 209
Cumulative Net Income growth Comment
Although Itc Holdings 's Annual Net Income growth year on year were below company's average 10.67% , Net Income announced in the Jun 30 2022 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 6.31% year on year, from -0.72% in Mar 31 2022. And, Itc Holdings had the highest Net Income growth, in Electric Utilities industry.

Among companies within the Utilities sector 3 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 243, from total ranking in previous quarter at 1303.

Net Income TTM Q/Q Growth Statistics
High Average Low
49.01 %
10.67 %
-15.74 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 1
Utilities Sector # 4
Overall # 243

Net Income TTM Y/Y Growth Statistics
High Average Low
49.01 %
10.67 %
-15.74 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 209




Other Net Income Growth
Electric Utilities Industry Net Income Growth Trends and Statistics
Utilities Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
ITC's Net Income Growth Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for ITC's Competitors
Net Income Growth for Itc Holdings 's Suppliers
Net Income Growth for ITC's Customers

You may also want to know
ITC's Annual Growth Rates ITC's Profitability Ratios ITC's Asset Turnover Ratio ITC's Dividend Growth
ITC's Roe ITC's Valuation Ratios ITC's Financial Strength Ratios ITC's Dividend Payout Ratio
ITC's Roa ITC's Inventory Turnover Ratio ITC's Growth Rates ITC's Dividend Comparisons



Companies with similar Net Income rise for the quarter ending Dec 31 2023 within Utilities SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Fortis Inc 12.95%$ 12.946 millions
Alliant Energy Corp12.04%$ 12.037 millions
Energy Transfer Lp9.05%$ 9.047 millions
Xcel Energy Inc7.92%$ 7.916 millions
Itc Holdings Corp 7.89%$ 7.895 millions
Wisconsin Public Service Corporation7.39%$ 7.389 millions
Boardwalk Pipeline Partners Lp6.43%$ 6.434 millions
One Gas Inc 5.52%$ 5.521 millions
Otter Tail Corporation5.44%$ 5.435 millions




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